Retail news

• Ryanair's defence of O'Leary's €99m bonus target doesn't wash | Nils Pratley

  19-09-2019 20:59
  The airline’s boss will win a colossal jackpot merely for getting the share price to roughly what it was in 2017How sweet. Ryanair’s board will “consult” with shareholders, even the 49.5% who protested about Michael O’Leary’s potential €99m (£88m) jackpot, and will report back on how it will “adapt its decision-making to reflect their advice and input”.Let’s take a guess, though. Ryanair’s contribution may run like this: a ma
  
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• Next’s Brexit impact claims will make some see red

  19-09-2019 20:44
  Amended document sees ‘no risk’ of tariff increases — only a £25m saving
  
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• French retailer Casino in talks to sell discount chain

  19-09-2019 20:05
  Aldi expression of interest in Leader Price would help asset-sale plan
  
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• Give power back to left-behind places | Letter

  19-09-2019 20:02
  The evidence suggests that central government must boost the legal and fiscal autonomy of local authorities if urban regeneration efforts are to succeed, writes Robin HambletonThanks to Tony Naylor for his perspicacious analysis of the big challenges facing those trying to regenerate town and city centres in Britain (High streets can be reborn. But developers are in the way, 14 September). He puts his finger on the central issue when he states that: “The remote coalition of global property
  
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• Next blames warm weather for slow sales as shares plummet

  19-09-2019 19:19
  High street retailer’s CEO says Brexit is not the cause of downbeat trading pictureNext said the recent warm weather had resulted in disappointing sales of its new autumn clothing ranges as the latest official data showed falling high street sales.The retailer was the biggest faller on the FTSE 100 on Thursday after its chief executive, Simon Wolfson, painted a downbeat picture of trading. The Conservative peer said the malaise was due to the weather rather than Brexit woes as demand had b
  
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• JD Sports' Footasylum takeover could be bad for shoppers, says CMA

  19-09-2019 19:16
  Watchdog says it will carry out investigation if concerns over £90m deal are not addressedThe UK’s competition watchdog has said JD Sports’ £90m deal to buy its smaller rival Footasylum could result in higher prices and that it will carry out an investigation unless JD can address its concerns.The Competition and Markets Authority (CMA) said its initial investigation found the deal could result in a “substantial lessening of competition”. Continue reading...
  
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• Next accelerates store openings after rent cuts

  19-09-2019 18:50
  Retailer reiterates full-year profit forecast despite difficult start to autumn
  
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• Next’s no-deal Brexit impact claims will make some see red

  19-09-2019 15:29
  Amended document sees ‘no risk’ of tariff increases — only a £25m saving
  
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• Debenhams wins legal challenge over restructuring

  19-09-2019 13:41
  High Court victory allows UK chain to shut 22 stores and cut rents on 100 more
  
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• Debenhams beats legal challenge to restructuring

  19-09-2019 13:41
  High Court win allows chain to close 22 stores and cut rents on 100 more
  
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• Debenhams pushes on with shop closures after legal challenge fails

  19-09-2019 13:11
  Department store to continue rescue plan after judge rejects Sports Direct-backed CVA challengeDebenhams is to press ahead with a rescue plan involving the closures of more than 20 stores after fighting off a Sports Direct-backed legal challenge.The judge Justice Norris on Thursday said he had rejected the challenge to the department store chain’s compulsory voluntary arrangement (CVA) on four out of five grounds.Related: Debenhams store closures put at least 1,200 jobs at riskContinue rea
  
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• JD Sports' buyout of rival could be bad deal for shoppers, says CMA

  19-09-2019 12:26
  Watchdog says it will carry out investigation if concerns over £90m deal are not addressedThe UK’s competition watchdog has said JD Sports’ £90m deal to buy its smaller rival Footasylum could result in higher prices and that it will carry out an investigation unless JD can address its concerns.The Competition and Markets Authority (CMA) said its initial investigation found the deal could result in a “substantial lessening of competition”. Continue reading...
  
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• Trump’s trade war puts car seat maker in a bind

  19-09-2019 12:00
  Britax’s dilemma illustrates the unintended consequences of Chinese tariffs
  
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• UK retail sales drop unexpectedly in August

  19-09-2019 10:56
  Online sales biggest driver as three-month figure shows moderate rise
  
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• Sale of defence firm Cobham is a bad deal but not a security threat | Nils Pratley

  19-09-2019 10:44
  Andrea Leadsom’s 11th-hour review of US private equity takeover looks doomed to fail
  Andrea Leadsom to the rescue? The business secretary has ordered a formal review, on national security grounds, into the proposed £4bn purchase of Cobham, the Dorset-based defence firm, by a US private equity house. So one might imagine an uplifting twist to this depressing takeover tale – an 11th-hour escape.It’s a very long shot, sadly. An intervention would require Leadsom to identify
  
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• Watchdog raises concern over JD Sports’ Footasylum takeover

  19-09-2019 09:04
  Competition regulator says worries about higher prices and less choice must be addressed
  
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• Watchdog raises concern over JD Sports’ Foot Asylum takeover

  19-09-2019 09:04
  Competition regulator says its fears of higher prices and less choice must be addressed
  
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• Tesco fails in accident management over my car insurance claim

  19-09-2019 08:00
  It’s been very difficult after it dropped a cage from a lorry on the back of my vehicleBack in May, a Tesco lorry dropped a steel cage on my car while delivering to a Metro store. The back of my car was smashed and the interior covered in glass. If anyone had been inside they could have been killed.Tesco has been very difficult to deal with. On the advice of the store manager, I called my insurance company, which organised a repair that took two weeks. During this time my insurer and I tri
  
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